By Jeremy Rifkin
An research of the doubtless catastrophic implications of the turning out to be world wide unemployment trouble explains how we will be able to stay away from fiscal cave in, create stipulations for a brand new extra humane social order, and redefine the position of the person within the new society. Reprint.
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Extra info for The End of Work: The Decline of the Global Labor Force and the Dawn of the Post-Market Era
58 Many in the business community acknowledge that some of the new high-technology innovations and industries create far fewer jobs than they replace. They continue to believe, however, that the losses in the domestic market will be checked by an increase in foreign demand and the opening up of new markets abroad. Today's global corporations are engaged in a fierce battle to lower trade barriers and push into new untapped regions in search of markets for the expanding production of goods and services.
Keeping up with the Joneses" became a preoccupation, and for many a suburban homeowner, a near obsession. Advertisers zeroed in on the new suburban "aristocrats" determined to fill their castles with an endless array of new products and services. By 1929 the mass psychology of consumerism had taken hold in America. The traditional American virtues of Yankee frugality and frontier self-sacrifice were fading. That year President Herbert Hoover's Committee on Recent Economic Changes published a revealing report on the profound change in human psychology that had taken place in less than a decade.
S. workers had jobs in the public sector, making the government the largest employer in the United States. 57 NEW REALITIES The new economic realities of the coming century make it far less likely that either the marketplace or public sector will once again be able to rescue the economy from increasing technological unemployment and weakened consumer demand. Information and telecommunication technologies threaten a loss of tens of millions of jobs in the years ahead and the steady decline of work in many industries and employment categories.